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standstill agreement


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1 An agreement between two countries in which a debt owed by one to the other is held in abeyance until a specified date in the future.

2 An agreement between an unwelcome bidder for a company and the company, in which the bidder agrees to buy no more of the company's shares for a specified period.

3 An arrangement between banks who have loans to a company in trouble, in which they each agree to maintain their existing credit facilities and not to force the company into receivership by acting alone.

Subjects: Financial Institutions and Services.


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